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80 Mile PLC Secures 3 Strategic MOUs with Fortune 500 Energy Group, Ludoil, and JEnergy and moves to 100% of Ferrandina Biofuels Plant
80 Mile PLC ('80M' or the 'Company'), the AIM, FSE, and OTC listed exploration and development company, is proud to announce a series of major commercial developments at its Ferrandina biofuels facility in southern Italy, ("Ferrandina") underscoring the strong and growing demand for sustainable aviation fuel ("SAF"), hydrotreated vegetable oil ("HVO"), and biodiesel across Europe.
About this update from 80 Mile Plc
[{"type":"text","content":"LONDON, Oct. 28, 2025 /PRNewswire/ -- 80 Mile PLC ('80M' or the 'Company'), the AIM, FSE, and OTC listed exploration and development company, is proud to announce a series of major commercial developments at its Ferrandina biofuels facility in southern Italy, ("Ferrandina") underscoring the strong and growing demand for sustainable aviation fuel ("SAF"), hydrotreated vegetable oil ("HVO"), and biodiesel across Europe.","length":467,"tagName":"p"},{"type":"image","alt":"80 Mile PLC (PRNewsfoto/80 Mile PLC)","displaySize":"","headline":null,"caption":"80 Mile PLC (PRNewsfoto/80 Mile PLC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/94c818d537de929f9c788597de29cde0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kc0bysPaLQZKB9WMk6ri_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/94c818d537de929f9c788597de29cde0","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2685043/80_Mile_PLC_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"80M Assumes 100% Ownership of Hydrogen Valley:","length":46,"tagName":"p"},{"type":"text","content":"The Company and Hydrogen Valley ("HV") have agreed to revised terms ("Revised Terms") to the acquisition agreement announced 19th December 2024 (https://80mile.com/regulatory-news/75603) governing the Ferrandina ownership structure. Under the new arrangement, 80 Mile will increase its interest in HV to 100%. Further details to the Revised Terms are noted below.","length":383,"tagName":"p"},{"type":"text","content":"New MOUs:","length":9,"tagName":"p"},{"type":"text","content":"Strategic MOU with Fortune 500 Energy Company:","length":46,"tagName":"p"},{"type":"text","content":"In a landmark step, the Company's 100%-owned Greenswitch Srl ("Greenswitch") has signed a Memorandum of Understanding ("MOU") with one of the World's largest integrated energy companies (the "Group"), a publicly listed business ranked in the top 10% of the Fortune 500. This entity is a globally recognised, vertically integrated, leader in refining, petrochemicals and logistics.","length":418,"tagName":"p"},{"type":"text","content":"Under the terms...